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ITG (NYSE:ITG), an independent broker and financial technology provider, has entered into a definitive agreement to offload its ITG Investment Research operations to Leucadia National Corporation (NYSE:LUK) for $12 million, according to a recent ITG statement.
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ITG Investment Research is presently involved in the process of data provision across a variety of sectors, including Consumer, Telecom, Media, Technology, and Macro, servicing over 200 companies. Despite the deal, ITG will continue to deliver its energy research capabilities to institutional ... (read more)